Bamco Inc. NY Has $614.54 Million Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Bamco Inc. NY lowered its stake in Choice Hotels International, Inc. (NYSE:CHH) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,716,314 shares of the company’s stock after selling 53,727 shares during the quarter. Choice Hotels International accounts for approximately 1.6% of Bamco Inc. NY’s portfolio, making the stock its 12th largest position. Bamco Inc. NY owned approximately 0.10% of Choice Hotels International worth $614,536,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. SG Americas Securities LLC increased its stake in Choice Hotels International by 161.3% in the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock valued at $1,231,000 after purchasing an additional 6,384 shares in the last quarter. &PARTNERS bought a new stake in Choice Hotels International in the 2nd quarter valued at about $366,000. DekaBank Deutsche Girozentrale bought a new stake in Choice Hotels International in the 1st quarter valued at about $1,089,000. International Assets Investment Management LLC acquired a new position in Choice Hotels International during the 3rd quarter worth approximately $42,280,000. Finally, Erste Asset Management GmbH bought a new position in Choice Hotels International in the third quarter worth approximately $19,545,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Analysts Set New Price Targets

CHH has been the subject of several recent research reports. Barclays boosted their price objective on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. Morgan Stanley raised their price objective on shares of Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Jefferies Financial Group downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their price target on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Finally, Truist Financial decreased their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $130.00.

Choice Hotels International Stock Performance

NYSE CHH opened at $151.24 on Monday. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market capitalization of $7.09 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $153.81. The company has a 50-day simple moving average of $139.24 and a 200 day simple moving average of $127.73.

Choice Hotels International (NYSE:CHH) last released its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period last year, the business posted $1.82 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts predict that Choice Hotels International, Inc. will post 6.84 EPS for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.76%. Choice Hotels International’s payout ratio is 22.03%.

Insider Buying and Selling

In other news, CEO Patrick Pacious sold 7,192 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $144.95, for a total value of $1,042,480.40. Following the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $58,656,336.70. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares in the company, valued at $2,441,340. This trade represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,437 shares of company stock valued at $9,788,980. Corporate insiders own 24.02% of the company’s stock.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.